Texas Bank & Trust Co Takes $7.79 Million Position in Exxon Mobil Co. (NYSE:XOM)

Texas Bank & Trust Co acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 72,380 shares of the oil and gas company's stock, valued at approximately $7,786,000. Exxon Mobil comprises 3.2% of Texas Bank & Trust Co's investment portfolio, making the stock its 3rd largest position.

Several other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $47,000. Finally, Clarity Asset Management Inc. lifted its position in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Price Performance

XOM traded down $1.79 during trading on Monday, reaching $106.40. The stock had a trading volume of 16,792,410 shares, compared to its average volume of 15,563,400. The stock has a market cap of $458.55 billion, a PE ratio of 13.57, a PEG ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The business has a 50-day moving average of $108.92 and a 200-day moving average of $110.71.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. Exxon Mobil's dividend payout ratio is presently 52.52%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.